Introduction The festive season is usually a time of joy and prosperity for businesses, especially for small and medium-sized businesses (SMBs) that look forward to the holiday shopping rush. However, a recent study highlighted a significant challenge facing Australian SMBs—the staggering $22 billion income loss due to late payments. This blog post responds to the…
As a business owner, one of the most frustrating things to see at the end of the fiscal month is a heap of outstanding invoices — second only to the act of chasing an outstanding invoice. Outstanding invoices can cause all sorts of trouble for a small-to-medium enterprise. Too many and it’s possible that your…
There is no lack of options when it comes to getting a loan to fund your business operations. Whether you’re just starting out your new business from scratch or looking for extra cash for upkeep, obtaining the necessary capital for your organisation can come from a multitude of different avenues. Traditional bank loans, business credit…
What do you do if you’re a relatively new company with a major project on the horizon? The job could help your business grow quickly, but how will you manage the upfront costs associated with the endeavour? That’s exactly the situation that Interior Plant Designs (IPD) encountered. The Interior Plant Designs (IPD) Story IPD is…
Cash flow lending: The ultimate guide If you’re looking for a loan to fund your small business, you’re probably aware of the many types available. But here’s a quick refresher. Loan types are typically split into two categories: secured and unsecured. When you think of a traditional loan, chances are you’re thinking of a secured…
Can you get a business loan without collateral? Starting your own business is often a difficult venture. Asking a lender for a business loan may not always pan out, especially if you’re a new or young small business owner who may not hold many assets. But everyone has to start somewhere! With the right knowledge,…
How do business loans work? One of the very first obstacles that you have to face as a new business owner is funding your firm. Altogether, startup costs can add up to a hefty sum. If you think that you can’t afford to finance your company, don’t fret! That’s what a business loan is for.…
How To Negotiate Payment Terms with Customers Suppliers and their customers share a mutually beneficial relationship, but sometimes, the finer points of that arrangement can make it feel like the two entities are at odds. While the customer may seek flexible payment options, the supplier will likely want to receive compensation as quickly as possible.…
Managing your business’s cash flow is crucial to the success of your company. Cash flow, or the overall flow of money in and out of a business, is necessary for business owners to get a general sense of how your firm is making money. This helps outline necessary debts a company might owe and compares…
Factoring finance is a type of debtor finance, and if you’re unfamiliar with the idea, it may seem difficult to learn all of the complexities and specialised terms associated with this concept. This simple guide will help you understand what factoring finance is, familiarise yourself with how it works and find out how your business…
